Bailey McCann, Opalesque New York: Brigade Capital Management is adding to its staff, and recently completed a $409m collateral loan obligation (CLO) with Citigroup. Brigade is a US-based hedge fund that primarily invests in credit markets and has hired distressed-debt analyst Scott Hoffman from Deutsche Bank AG. According to a Bloomberg report, the hire comes as the larger banks reduce pay and risk taking activities in order to comply with a slate of new regulations.

The hire hasn't been officially announced, however, the press account......................